Advent Capital Hires Chief of Staff to Expand Investment Solutions
Opalesque Industry Update – Advent Capital Management, an investment management firm with approximately $9 billion in assets under management and founded in 1995, announced today that Scott Reid has joined the firm in the newly created position of Chief of Staff and Strategy.
Based in New York, Scott reports to Tracy Maitland, President. He is responsible for implementing synergistic strategies to further enhance the quality of all current and new investment strategies and ensure that Advent continues to maintain a world class investment platform. Advent’s new investment initiatives will leverage the firm’s core expertise and institutional platform while also developing and introducing innovative, value added solutions that will seek to offer structural alpha and positive asymmetry.
“Given the rapidly evolving asset management industry, it’s important to face challenges and resulting opportunities head on and with the best talent available,” said Tracy. “Scott has a proven track record of adding value to his clients and we are confident he will help optimize our current strategies while also introducing innovative solutions in both the public and private markets.”
Scott brings a diverse asset management background to Advent, particularly in alternatives. Most recently, he served as a senior advisor to Thayer Street Partners, an early stage private growth capital firm. Prior to Thayer Street, he was President of One East Partners where he was responsible for the business development and operational activities of the firm. Scott also spent 10 years as a Managing Director and Partner at Auda International where he led the firm’s hedge fund group and served as a member of the senior management committee. During his time at Auda, the firm experienced a period of significant productive growth while it introduced innovative value added solutions that met the requested return, risk and structural demands of its institutional and private clients. Scott holds a BA in Foreign Affairs from the University of Virginia and an MA from the John Hopkins University School of Advanced International Studies.
“Scott brings the perspective of a seasoned allocator and a client-oriented approach which will further enhance our broad client experience,” Tracy added.
Joining other recent key hires at Advent, Scott’s announcement comes as the firm continues to strengthen its management, business development, and investor relations platform. As previously announced, Michael Cavanaugh joined the firm in December as Managing Director, focusing on institutional allocators. Most recently, Advent brought on Jonathan McEvoy as a Director in the Business Development Group, charged with enhancing and expanding platform relationships. Jonathan most recently served as Director at SkyBridge Capital in New York.